The equity accounts of Marigold SE on January 1, 2020, were as follows. Share Capital-Preference (8%, 50 par, 11,000 shares authorized) Share Capital-Ordinary (1 stated value, 1,900,000 shares authorized) Share Premium-Preference Share Premium-Ordinary Retained Earnings Treasury Shares-Ordinary (10,500 shares) 400,000 Nov. 10 1,300,000 Dec. 31 120,000 1,450,000 1,800,000 During 2020, the company had the following transactions and events pertaining to its equity. 52,500 Feb. 1 Issued 25,500 ordinary shares for 118,000. Apr. 14 Sold 5,800 treasury shares-ordinary for 33,000. Sept. 3 Issued 5,000 ordinary shares for a patent valued at 35,100. Purchased 1,000 ordinary shares for the treasury at a cost of 5,800. Determined that net income for the year was 485,000. No dividends were declared during the year. Journalize the transactions and the closing entry for net income. (Record journal entries in the order presented in the problem. Credit account titles are automatically indented when amount is entered. Do not indent manually.) Date Jan. 1 Feb. 1 Apr. 14 Sept. 3 Nov. 10 Dec. 31 Account Titles and Explanation Debit || Credit Enter the beginning balances in the accounts, and post the journal entries to the equity accounts. (Use J5 for the posting reference.) (Post entries in the order of journal entries presented in the previous part.) Share Capital-Preference Date Explanation Ref. V Balance Share Capital-Ordinary Date Explanation Ref. Date Balance Share Premium-Preference V Balance V J5 J5 Explanation Ref. Debit Debit Debit Credit Credit Credit Balance Balance Balance Share Premium-Ordinary Date Date Share Premium-Treasury Explanation Ref. Date Balance Retained Earnings Date V Explanation Ref. Balance Treasury Shares J5 J5 Explanation Ref. J5 V J5 Fynlanation Ref Debit Debit Debit Debit Credit Credit Credit Credit Balance Balance Balance Balance Date Explanation Ref. Date Balance Treasury Shares V Balance J5 Explanation Ref. V J5 J5 Debit Debit Credit Credit Balance Balance Prepare an equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive information provided in the question.) MARIGOLD SE Statement of Financial Position (Partial) For the Quarter Ended December 31, 2020 December 31, 2020 For the Year Ended December 31, 2020